Key figures

Bankia Key Figures*

744

The Bankia Group posts attributable profit of 744 million euros in the first nine months of 2018.

+105,000

Since September 2017, the number of customers with payroll and pension deposits increase by 105,000. In relation to the first nine months of 2017, card turnover at retail businesses grows by 12.4%, and Point of Sales (POS) turnover by 15.6%.

23.5%

Sales through digital channels account for 23.5% of total sales and digital customers 42.8% of the Group’s total customer base at the end of September 2018.

13.83%

Regarding capital adequacy, the Group reports a CET1 Phase-in ratio of 13.83% and a CET1 Fully Loaded ratio of 12.46%. Both ratios are considerably higher than the regulatory minimums imposed for 2018: +527 bps higher than the regulatory CET1 Phase-in ratio (8.56%) and +321 bps higher than the regulatory CET1 Fully Loaded ratio (9.25%).

Key Figures:

The Bankia Group posts attributable profit of 744 million euros in the first nine months of 2018.

On a constant perimeter basis, operating expenses fall by 2.9% compared to the first nine months of 2017 and by 0.3% in the quarter, as cost synergies capture from the BMN merger is accelerated.

Since September 2017, the number of customers with payroll and pension deposits increase by 105,000. In relation to the first nine months of 2017, card turnover at retail businesses grows by 12.4%, and Point of Sales (POS) turnover by 15.6%.

Sales through digital channels account for 23.5% of total sales and digital customers 42.8% of the Group’s total customer base at the end of September 2018.

The positive momentum of new loans continues. New mortgages grow by 4.7% compared to the first nine months of 2017. New consumer lending and new lending to companies is up 9.8% and 3.0%, respectively.

Efforts to attract customer funds still focus around mutual funds and demand deposits, with increases of 3.8% and 30%, respectively, since December 2017. During the first nine months of 2018, Bankia’s market share in mutual funds rises by 2 bps to 6.4%.

The stock of NPLs shrink by 14.5% since December 2017 and is down 4.1% over the quarter, reducing the Group’s NPL ratio to 7.8%, a 30 bps quarter-on-quarter (QOQ) improvement and 110 bps reduction since the previous year-end).

Regarding capital adequacy, the Group reports a CET1 Phase-in ratio of 13.83% and a CET1 Fully Loaded ratio of 12.46%. Both ratios are considerably higher than the regulatory minimums imposed for 2018: +527 bps higher than the regulatory CET1 Phase-in ratio (8.56%) and +321 bps higher than the regulatory CET1 Fully Loaded ratio (9.25%).

(*) Data at September 30, 2018.

Key figures

Sep-18

Dec-17

Change

Balance sheet (€ million)

Total assets

204,205

213,932

(4.5%)

Loans and advances to customers (net)(1)

120,514

123,025

(2.0%)

Loans and advances to customers (gross)(1)

125,794

128,782

(2.3%)

On-balance-sheet customer funds

143,085

150,181

(4.7%)

Customer deposits and clearing houses

125,222

130,396

(4.0%)

Borrowings, marketable securities

14,872

17,274

(13.9%)

Subordinated liabilities

2,991

2,511

19.1%

Total customer funds

171,167

177,481

(3.6%)

Equity

13,120

13,222

(0.8%)

Common Equity Tier I - BIS III Phase In

11,482

12,173

(5.7%)

Solvency (%)

Common Equity Tier I - BIS III Phase In (2)

13.83%

13.84%

-0.01 p.p.

Total capital ratio - BIS III Phase In (2)

17.64%

16.56%

+1.08 p.p.

Ratio CET1 BIS III Fully Loaded (2)

12.46%

12.46%

+0.00 p.p.

Risk management (€ million and %)

Total risk

132,962

136,353

(2.5%)

Non performing loans

10,362

12,117

(14.5%)

NPL provisions (3)

5,677

6,151

(7.7%)

NPL ratio

7.8%

8.9%

-1.1 p.p.

NPL coverage ratio (3)

54.8%

50.8%

+4.0 p.p.

Sep-18

Jun-17(4)

Change

Results (€ million)

Net interest income

1,542

1,467

5.1%

Gross income

2,706

2,398

12.8%

Pre-provision profit

1,304

1,247

4.5%

Profit/(loss) attributable to the Group

744

739

0.6%

Key ratios (%)

Cost to Income ratio (Operating expenses / Gross income)

51.8%

48.0%

+3.8 p.p.

R.O.A. (Profit after tax / Average total assets) (5)

0.5%

0.5%

-

RORWA (Profit after tax / RWA) (6)

1.2%

1.3%

-0.1 p.p.

ROE (Profit attributable to the group / Equity) (7)

7.9%

8.1%

-0.2 p.p.

ROTE ( Profit attributable to the group / Average tangible equity) (8)

8.1%

8.3%

-0.2 p.p.

Sep-18

Dec-17

Change

Bankia share

Number of shareholders

186,034

192,055

(3.14%)

Number of shares in issue (million)

3,085

3,085

-

Closing price (end of period, €) (9)

3.38

3.99

(15.3%)

Market capitalisation (€ million)

10,418

12,300

(15.3%)

Earnings per share (€) (10)

0.27

0.26

3.6%

Tangible book value per share (€) (11)

4.20

4.34

(3.1%)

PER (Last price (9) / Earnings per share(10))

12.33

15.07

(18.2%)

PTBV (Last price (9) / Tangible book value per share)

0.80

0.92

(12.6%)

Additional information

Number of branches

2,301

2,423

(5.0%)

Number of employees

16,252

17,757

(8.5%)

(1) Includes balances with BFA (in September the balance was 0 and in Dec-17 €47mn)

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Bankia is a spanish bank that is included in the Ibex 35. It operates throughout Spain, with a universal banking business model based on multi-channel management and specialized in serving individuals and businesses. At Bankia, we take a principle-based approach in order to provide you with the best banking service.